The day after the U.S. Department of Justice announced a $5.6 billion settlement with five big banks, JPMorgan Chase & Co., Barclays PLC and others are once again being accused of rigging the foreign exchange market, this time by a putative class of bank customers who claim the conspiracy continues to this day.
The U.S. Department of State on Friday floated several changes to licensing rules for U.S. workers providing defense services abroad, removing hurdles for work in North Atlantic Treaty Organization countries and those in Foreign Military Sales agreements with the U.S.
The U.S. Court of International Trade on Friday upheld the Department of Commerce's revised determination that refractory bricks used in steel manufacturing imported by Fedmet Resources Corp. are not subject to remedial tariffs, concluding that its decision aligned with a Federal Circuit finding from last June.
Nokia Corp. asked the International Trade Commission on Thursday to review an administrative law judge's ruling that it and Microsoft Corp. infringed two of InterDigital Communications Inc.'s smartphone network-connection patents, arguing in a redacted filing the infringement determination was at odds with a prior decision.
The U.S. Department of the Treasury on Thursday sanctioned an Iraqi airline company and others for illicitly selling commercial aircraft to an Iranian airline accused of sponsoring terrorism.
When it charged BHP Billiton Ltd. $25 million for violating the Foreign Corrupt Practices Act, the U.S. Securities and Exchange Commission sent a powerful message to corporations that it’s willing to impose hefty fines for compliance failures even when no bribery is alleged to have taken place.
Magna Electronics Inc. is asking the U.S. International Trade Commission to revise an April determination finding that even though fellow General Motors LLC supplier TRW Automotive US LLC indirectly infringed Magna’s driver assistance camera patent, the competitor is not liable due to a “good faith” belief of invalidity.
The Bank of New York Mellon Corp. said Thursday it will pay $180 million to resolve a putative class action brought by institutional investors accusing the company of running a deceptive foreign currency exchange program, according to a document filed with the U.S. Securities and Exchange Commission.
Lumber Liquidators Inc., whose CEO resigned Thursday amid allegations the company sold toxic laminate flooring, faces one of the first high-profile U.S. Consumer Product Safety Commission investigations under Elliot Kaye, which attorneys say can set the tone for the agency's oversight under its new chairman.
The U.S. Department of Commerce on Thursday filed final changes to export rules allowing unlicensed delivery of Internet technology to the politically fraught Crimea region of Ukraine, saying the change will allow Crimeans to reclaim the narrative of daily life from their Russian occupants.
Halting U.S. Export-Import Bank funding of Australian liquefied natural gas projects in the Great Barrier Reef will not stop the projects or address the claims of environmental groups, the bank argued before a California federal judge on Wednesday.
German Chancellor Angela Merkel reiterated the country’s commitment to a proposed U.S.-European Union trade pact on Thursday, telling the Bundestag that Europe aims to nail down the framework for the deal by the end of 2015.
The U.S. Senate voted Thursday to set an end to debate on a bill to revive the White House's Trade Promotion Authority, following a hold-up mainly caused by disputes on proposed amendments regarding foreign currency manipulation and Export-Import Bank reauthorization, setting up a possible final vote for Friday.
Lumber Liquidators Inc. announced Thursday that CEO Robert M. Lynch has resigned “unexpectedly,” as the company continues to grapple with reports that many of its flooring products imported from China contain potentially dangerous levels of formaldehyde.
The House Agriculture Committee voted to repeal U.S. country-of-origin meat labeling requirements on Wednesday in a bid to avoid potentially billions in retaliatory tariffs from Canada and Mexico after the World Trade Organization said the regulations violate global trade rules.
“If you ain’t cheating, you ain’t trying.” This isn’t just an overused and cynical sports adage, it’s one of many jaw-dropping exchanges by a group of traders who called themselves the “cartel” and teamed up to manipulate global foreign exchange markets. Here, Law360 looks at a few of the choicest conversation snippets from that trader chat room and others detailed in Barclays PLC's settlements with regulators.
New Jersey Gov. Chris Christie has no obligation to disclose gifts he receives that don't constitute income, acting state Attorney General John Hoffman said Thursday in a letter addressing controversy over Christie's lavish perks on a Middle East trade mission and luxury seats at a Dallas Cowboys football game.
In wrangling guilty pleas and $5.6 billion from some of the world's largest banks, the U.S. Department of Justice on Wednesday showed it can push the prosecutorial needle without tilting the financial world into chaos. But by shielding institutions from some of the collateral effects of a criminal conviction, the government has done little to deter the next installment of traders behaving badly, experts say.
The United States was the world’s leading importer, at $60.2 billion, and exporter, $46.6 billion, of distribution services in 2013, according to a report released on Tuesday by the U.S. International Trade Commission.
Canada will proceed with plans to implement retaliatory tariffs against the United States following a World Trade Organization ruling that U.S. country-of-origin meat labeling requirements are discriminatory, putting pressure on the U.S. to repeal the controversial laws.
Assistant Attorney General Leslie Caldwell recently reiterated a common theme from enforcement agencies — having a written compliance program on paper is not sufficient. The U.S. Securities and Exchange Commission's settlement with BHP Billiton Ltd. for Foreign Corrupt Practices Act violations is the quintessential case in point, say attorneys with Schulte Roth & Zabel LLP.
Due to abundant resource availability and high demand for printed materials, the paper industry has long been an important part of the manufacturing sector in the United States. But unfair imports from a number of countries have negatively impacted production in key segments of the paper industry, particularly for products experiencing declining demand due to the growth of e-commerce, says Brian McGill of King & Spalding LLP.
The World Trade Organization Appellate Body issued its long-awaited report rejecting the United States' efforts to remedy its country-of-origin labeling requirements for imported beef and pork products. If the United States allows its current COOL measure to continue in violation of its WTO obligations, Canada and Mexico may seek authorization to impose retaliatory measures, say Duane Layton and Kelsey Rule of Mayer Brown LLP.
The dynamic economic growth occurring across Africa presents new challenges and opportunities in the intellectual property context, say Beau Jackson of Adduci Mastriani & Schaumberg LLP and Jarrad Wood, a student at American University Washington College of Law.
Recent Foreign Corrupt Practices Act cases and commentary from U.S. Department of Justice officials illustrate possible costs, benefits and pitfalls in the disclosure and cooperation calculation, say Ryan Rohlfsen and David Nordsieck of Ropes & Gray LLP.
As a result of two developments at the U.S. Department of Commerce, a higher bar has been set for companies operating in "nonmarket economies" to establish that their export activities are not subject to government control. NME companies now have a much shorter deadline by which to complete the lengthy application necessary to demonstrate the absence of government control, say attorneys at Sidley Austin LLP.
The sheer size and growth in China’s energy sector over the past few decades demands attention, as do the energy policies of the country's government to influence development. Greg Krafka of Winstead PC explores how Texas-based oil and gas companies are faring in China and discusses the major challenges and opportunities in the years ahead.
While reasonable certainty may not be precisely defined in federal or state courts, there is the possibility of even greater ambiguity when considered in the context of international arbitration, say Neil Steinkamp, Elizabeth Shampnoi and Robert Levine of Stout Risius Ross Inc.
Three recent events in the antitrust bar led me to ask myself whether there can ever really be grounds to critique another nation’s enforcement of its competition regime, says Michael P. A. Cohen of Paul Hastings LLP.
In Lelo Inc. v. U.S. International Trade Commission, the Federal Circuit rejected the notion that showing the “qualitative” significance of a patent owner’s domestic investments can overcome an absence of evidence as to the “quantitative” significance of those investments, providing important guidance for future complainants, say Alexander Chinoy and Ahmed Mousa of Covington & Burling LLP.